Banking and finance industry news

Should You Want to Bank With Google?

PayNet SVP & GM William Phelan commented for U.S. News & World Report on Google's “smart checking” account partnerships with Citi and the Stanford Federal Credit Union.

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Join the family bank? Nah, I'll start a fintech

PayNet SVP & GM William Phelan commented for American Banker on the formation of Honeycomb Capital and the implications for the small business credit gap.

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24 Books for Anyone Who Wants to Get Ahead in Life

PayNet SVP & GM William Phelan shares his recommendation with Inc. Magazine for their list of “24 Books for Anyone Who Wants to Get Ahead in Life.”

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'We don't need to be scared by sunshine': Industry backs CFPB rule

PayNet SVP & GM William Phelan commented for American Banker on the recent CFPB Symposium on Section 1071 of the Dodd-Frank Act, which calls for lenders to collect and report more data on small businesses.

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PayNet Launches Recession Readiness Tools to Protect Loan Portfolios

PayNet, an Equifax company, today launched a series of recession readiness tools in partnership with Keybridge.

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Beware the inverted yield curve? Maybe not this time

As the market reacts to the yield curve inversion with recession concerns, PayNet's William Phelan comments for the Credit Union Journal on how organizations can prepare for growth no matter when a recession arrives.

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Businesses and the trade war

PayNet SVP & GM William Phelan appeared on CNBC to discuss the trade war and its implications for US businesses.

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Equifax’s Bill Phelan: ‘With PayNet, we now cover 30M US businesses'

PayNet SVP & GM William Phelan talks to Tearsheet about the recent merger with Equifax and what the combination means for the commercial credit space.

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Laura Kavanaugh Joins PayNet as Product Leader

PayNet, an Equifax company that provides credit and analytics on small and medium enterprises (SMEs), today named Laura Kavanaugh as its Head of Product Management. Kavanaugh joins PayNet as the company accelerates its new product pipeline under Equifax to improve small business lending experiences and outcomes.

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PayNet Launches Financial Statement Report™ to Improve SME Lending Experience and Outcomes

PayNet, an Equifax company that provides credit and analytics on small and medium enterprises (SMEs), today launched the PayNet Financial Statement Report™ (FSR). With a single click, financial institutions can use FSR to collect financial data from applicants to accelerate decision time and increase loans to small businesses.

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Equifax acquires PayNet to help expand access to capital for small and mid-sized businesses

Equifax Inc., (NYSE: EFX) a global data, analytics and technology company has acquired PayNet, a company that provides commercial credit risk underwriting and management solutions to online and alternative finance lenders, and commercial finance and leasing companies in the U.S. and Canadian markets.

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New Foundation Study Examines Role of Independents and Reveals Secrets of Their Success

What is the domain of independent financing companies? How do independents create value and differentiate themselves from often much larger and lower rate competitors?

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Main Street Lending Slows in December

Leading Indicator for Small Business Investment Breaks Expansion Streak.

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Numerated and PayNet Partner to Improve Digital Lending

Turn-key integration to enable financial institutions to leverage PayNet’s MasterScore® within Numerated’s real-time lending software.

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Call grows louder for SBA to tackle loan application backlog

William Phelan comments for American Banker on the alternative loan options available to small business borrowers as pressure builds for the Small Business Administration (SBA) to address its loan application backlog quickly once the government shutdown ends.

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‘7 out of 10 could qualify'

PayNet SVP & General Manager Bill Phelan sat down with Tearsheet to discuss the alternative lending options available to small businesses during the January 2019 government shutdown.

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Small Businesses Poised for Continued Expansion

Latest PayNet Data Show Small Business Lending Remains Robust Despite Broader Market Volatility and Trade Concerns.

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U.S. Small Business Lending Keeps Rolling in August, According to PayNet

Blistering Pace of Capital Investment Continues Alongside Strong Financial Health

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PayNet Sees Main Street Resume Blistering Pace of Investment in July

After Brief Respite, U.S. Private Business Lending Sees Another Double-Digit Increase in Capital Investment

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Main Street Remains in Expansion Mode in Q2, According to PayNet

U.S. Private Business Lending Continues Trend of Increased Investment in the Midst of Strong Financial Health

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PayNet Announces Partnership with FinTech Thrive

Thrive joins PayNet’s growing lineup of business partners

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PayNet Sees Small Business Lending Reaching New Heights

U.S. Small Business Lending Hit a Record High in May

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Small Business Lending Shifts into High Gear

U.S. Small Business Lending Expands for the Fifth Straight Month

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Main Street Businesses Lift Off

U.S. Small Business Lending Nears All-Time High

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U.S. Small Business Lending Building Momentum

PayNet sees investment improving as strong financial health persists

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PayNet, Inc. and Akouba Announce Technology Collaboration

Akouba’s platform will now make PayNet data easily accessible for quick decision making

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U.S. Small Business Investment Increases

Private Companies Showing Signs of Growth

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C & I Strategy Becomes Integral for 2018 Profitability

Bank Lending Strategies Can Generate Growth with C&I Lending

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U.S. Small Business Treading Water

Investment Contracting with Financial Health Remaining Strong

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PayNet Provides Expert Testimony

PayNet addresses the U.S. House of Representatives, Committee on Small Business to testify on online lending’s role in improving small business capital access.

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U.S. Small Business Hasn’t Turned the Corner

Modest Investment with Strong Financial Health

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New Financial Technology Upgrades Bank’s Credit Review Process

New Financial Technology Enables Banks To Review All Credits and Focus on the Highest Risks

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U.S. Small Business Investment Remains Tepid

Lower Private Company Growth Reflects Economic Uncertainty

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U.S. Small Business Investment Increases

Private Company Growth Turns Positive

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PayNet & Mirador Announce Technology Integration

PayNet, Inc. and Mirador announce an advanced integration of technology services for a mutual bank customer.

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New Study Reveals Transportation

U.S. Small Business Default Rates for Most Industries Now Rising

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U.S. Small Business Investment Drops

Private Company Growth Contracts for Third Consecutive Month

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U.S. Small Business Remains Cool on Investment

Policy Uncertainty Impacts Small Business Growth

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U.S. Small Businesses Remain Optimistic but Patient

After a mild burst of activity, new investment by small businesses fell.

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Solid Growth Shows Early Signs Among Small Businesses

“The makings of solid expansion emerge from this recent release."

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U.S. Small Business Investment Returns to Growth Mode

“Small business growth bodes well for future GDP..."

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